Browsing Posts tagged unemployment

VIDEO- BLUNT: Unemployment

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Blunt is a lot like letters to the editor. YOUR take, short, to the point.

You have a voice, now use it.


For more information about Blunt, follow this link.

It’s your turn. Go.

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Cartoon of the Day

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One of my Twitter pals dug this up for me. I dedicate this to Mark McKinnon.

Via the Wall Street Journal, January 2009. Enjoy:

President George W. Bush entered office in 2001 just as a recession was starting, and is preparing to leave in the middle of a long one. That’s almost 22 months of recession during his 96 months in office.

His job-creation record won’t look much better. The Bush administration created about three million jobs (net) over its eight years, a fraction of the 23 million jobs created under President Bill Clinton’s administration and only slightly better than President George H.W. Bush did in his four years in office.

The chart can be sorted by any of the following categories.

President Jobs created Jobs at end of term Jobs at start of term Payroll expansion Jobs created per year in office Population growth Percent change in population
George W. Bush 3.0 million 135.5 million 132.5 million 2.3% 375,000 22.0 million 7.7%
Bill Clinton 23.1 million 132.5 million 109.4 million 21.1% 2,900,000 25.2 million 8.9%
George H.W. Bush 2.5 million 109.4 million 106.9 million 2.3% 625,000 12.5 million 4.8%
Ronald Reagan 16.0 million 106.9 million 90.9 million 17.6% 2,000,000 17.3 million 7%
Jimmy Carter 10.5 million 90.9 million 80.4 million 13.1% 2,600,000 9.8 million 4.3%
Gerald Ford 1.8 million 80.4 million 78.6 million 2.3% 745,000 5.1 million 2.3%
Richard Nixon 9.4 million 78.6 million 69.2 million 13.6% 1,700,000 12.3 million 5.7%
Lyndon Johnson 11.9 million 69.2 million 57.3 million 20.8% 2,300,000 11.3 million 5.6%
John F. Kennedy 3.6 million 57.3 million 53.7 million 6.7% 1,200,000 8.2 million 4.3%
Dwight Eisenhower 3.5 million 53.7 million 50.2 million 7% 438,000 23.3 million 12.8%
Harry Truman 8.4 million 50.2 million 41.8 million 20.1% 1,100,000 N/A N/A

Miss Bush yet?

H/t: rosierifka

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This description is about the best in concisely laying it out ’cause this stuff can get confusing.

New York (CNNMoney.com) - Businesses are hiring, but not enough to make up for the massive losses of temporary government jobs.

The economy lost a total of 54,000 jobs in August, according to the Labor Department, matching the revised estimate of jobs lost in July.

The bulk of the losses came from the public sector, as the government cut 114,000 temporary census workers. It was the third straight month that census worker layoffs caused an overall decline in jobs.

But the report showed some improvements in the jobs picture. The overall losses were not as bad as expected, as economists surveyed by Briefing.com had predicted a loss of 120,000 jobs in the month.

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David Shuster A No Go With Politico

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Awhile ago, I posted a report that suggested David Shuster might take a job at Politico. I am relieved to report this update:

We’re hearing an impending gig at Politico isn’t likely — Shuster’s specialty, after all, is TV.

I have to take issue with the TV comment, in that if Shuster went to Politico, he could do the on-air pundit thing, as so many from Politico do.

But yes, his specialty is TV, and many of us want to see him there full time.

H/t: Uncucumbered, Hoptoad4

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Still seems pretty stagnant to me.

WASHINGTON — The number of people requesting unemployment benefits declined for the second straight week, suggesting that the slowing economy isn’t prompting widespread job cuts.

New claims for unemployment aid fell last week by 6,000 to a seasonally adjusted 472,000, the Labor Department said Thursday. Economists had expected a slight increase, according to a survey by Thomson Reuters.

The four-week average of claims, a less-volatile measure, fell by 2,500 to 485,500, its first decrease after four straight increases.

Even with the declines, claims are still at much higher levels than they would be in a healthy economy. When economic output is growing rapidly and employers are hiring, claims generally drop below 400,000.

Still, some economists saw the report as mildly encouraging.

It appears “that a wave of panicked layoffs has passed, as companies have become a bit calmer in the face of the financial and economic disruptions of late spring and early summer,” Pierre Ellis, an economist at Decision Economics, wrote in a note to clients.

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“The stimulus didn’t work” meme needs to be strangled and buried. Ezra wraps it all up nicely, so go check out his chart on the GDP.

The actual data, of course, is worse than that. The blue line is the actual unemployment rate, the red is unemployment without the stimulus under the CBO’s lower estimate of the stimulus’ effectiveness, and the yellow is unemployment without the stimulus under the CBO’s higher estimate:

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Skip to 1:21 for Hasselbeck, even though they cut the vid off right at the good part-

In a long and rambling question that was more of an accusation than a question, Hasselbeck asked President Obama how his administration could “claim” and “boast” to have “saved jobs” when the unemployment rate keeps “hovering” around the 10 percent mark and so many were jobless. After he explained that he believed, and noted that even Senator John McCain’s former economic advisor believed, that, if not for the stimulus package supported by his administration, millions of more people would have lost their jobs (and the country would have experienced another Great Depression), especially those who worked in state governments that were specifically targeted by the stimulus.

Elisabeth Hasselbeck pressed, repeating (a common tactic in attempts to label or associate someone with something) that she didn’t understand how he — and his administration — could say that they had “saved” jobs. President Obama got more direct.

“It makes a difference if your job is one that was saved,” he told her.

The audience of “The View” erupted in applause.

And her statement that “You claim that there are saved jobs, a standard a statement that has never been used before by any other administration…” Um, no such luck Lissie, the Bush Administration’s Agriculture Department did so repeatedly. Was it just me, or did she sound like she was getting ready to cry?

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